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European Central Bank castigates banks over instant payment fees

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European Central Bank castigates banks over instant payment fees

The European Central Bank has warned that the charges levied by banks for instant payments are proving a barrier to uptake and "must change".

CaixaBank taps into European Innovation Council network of startups

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CaixaBank taps into European Innovation Council network of startups

Spain's CaixaBank has signed on to the European Innovation Council (EIC) Corporate Partnership programme, working with a handful of startups on joint projects.

EBAday 2021: How a digital ID may shape the future of European payments

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EBAday 2021: How a digital ID may shape the future of European payments

During October 2020, the European Council called for the development of an EU-wide framework for secure public electronic identification (e-ID), including interoperable digital signatures, to provide people greater control over their online identity and data, and to access public, private and cross-border digital services.

Twitter Tip Jar users cite PayPal privacy concerns hours after rollout

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Twitter Tip Jar users cite PayPal privacy concerns hours after rollout

Hours after Twitter announced the new money transfer feature Tip Jar, early testers took to the social media platform to air their concerns over addresses being included in PayPal receipts.

Mastercard to buy digital ID firm Ekata for $850m

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Mastercard to buy digital ID firm Ekata for $850m

Mastercard has agreed an $850 million deal to buy AI-powered digital identity verification company Ekata.

Microsoft bids to overhaul ID verification

/identity

Microsoft bids to overhaul ID verification

Microsoft has taken a major step in its efforts to create an identity verification system that can be used across organisations.

Feedzai achieves Unicorn status on $200 million fund raise

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Feedzai achieves Unicorn status on $200 million fund raise

AI-based financial crime detection platform Feedzai has joined the Unicorn club, raising $200 million at a valuation of above $1 billion.

Digital ID firm Socure raises $100m

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Digital ID firm Socure raises $100m

Machine learning-based digital identity verification firm Socure has joined the unicorn club off the back of a $100 million Series D funding round led by Accel and joined by the investment arms of Citi and Wells Fargo.

Covid-19: Mastercard sets sights on digital health pass

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Covid-19: Mastercard sets sights on digital health pass

Mastercard is joining forces with the International Chamber of Commerce (ICC) to offer up its technological skills in the creation of digital health pass solutions that can help accelerate the global recovery from Covid-19.

IWD 2021: No more talking, it's time for action on female representation in fintech

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IWD 2021: No more talking, it's time for action on female representation in fintech

2020 may have been a year of challenge, but it proved that above all else, digital resilience will remain foundational, not only to female financial inclusion, but to female representation across the fintech sector.

DBS makes corporate account opening a snap with biometric face verification

/identity

DBS makes corporate account opening a snap with biometric face verification

Singapore's DBS is to use the Government's Singpass digital identity and authentication system to provide clients with biometric face verification for corporate account opening.

Onfido returns £5 million grant to business banking bailout fund

/identity

Onfido returns £5 million grant to business banking bailout fund

Onfido has paid back a £5 million grant to the Banking Competition Remedies fund after deciding to focus on its core identity verification business.

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